F/m Compoundr U.S. Aggregate Bond ETF (CPAG) — Stock Correlations & Overview
Over the past year, CPAG has moved most closely with TYD, AGG, BND. Explore the stocks most correlated and inversely correlated with CPAG below, along with its price, financials, and company profile.
Stocks correlated with CPAG
Correlation of daily returns. Higher positive values move with CPAG; negative values move opposite it. Informational only, not investment advice.
Most correlated with CPAG
| Symbol | Company | Correlation |
|---|---|---|
| TYD | Direxion Daily 7-10 Year Treasury Bull 3X ETF | 0.96 |
| AGG | iShares Core U.S. Aggregate Bond ETF | 0.96 |
| BND | Vanguard Total Bond Market | 0.96 |
| TYA | Simplify Intermediate Term Treasury Futures Strategy ETF | 0.96 |
| UTEN | US Treasury 10 Year Note ETF | 0.96 |
Most inversely correlated with CPAG
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.95 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.95 |
| TBX | ProShares Short 7-10 Year Treasury | -0.91 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.91 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.90 |
Frequently asked questions about CPAG correlations
- Which stocks are most correlated with CPAG?
- Based on one year of daily returns, the stocks most correlated with F/m Compoundr U.S. Aggregate Bond ETF (CPAG) are TYD (0.96), AGG (0.96) and BND (0.96). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CPAG?
- Over the past year, the stocks most inversely correlated with F/m Compoundr U.S. Aggregate Bond ETF (CPAG) are TYO (-0.95), PST (-0.95) and TBX (-0.91). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CPAG correlations calculated?
- We compute the correlation of daily returns between CPAG and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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